European Shares End April On A High As Sainsbury/Asda Merger Shakes Up Retail
A multi-billion pound merger between British supermarket Sainsbury's and Asda shook up retail stocks on Monday while European benchmarks ended April with their strongest monthly gains since 2016.
The pan-European STOXX index rose 0.1 percent while Germany's DAX gained 0.3 percent, buoyed by investors' improved risk appetite as companies delivered strong earnings
The regional benchmark delivered a 3.8 percent gain in April, its strongest month since December 2016, after suffering losses in February and March - testament to renewed investor optimism after a volatility shock in February rattled markets.
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